Headlam Group PLC Performance Share Plan awards (0253V)
09 Abril 2021 - 08:28AM
UK Regulatory
TIDMHEAD
RNS Number : 0253V
Headlam Group PLC
09 April 2021
9 April 2021
Headlam Group plc
(the 'Company')
Grant of awards under the Company's Performance Share Plan
('PSP')
On 9 April 2021, the Company granted awards in the form of
nil-cost options over a total of 265,360 ordinary shares in the
Company under the Company's PSP (the '2021 PSP'), including 151,180
to the following Executive Directors and Persons Discharging
Managerial Responsibility ('PDMR'):
Number of ordinary
Executive Director/ shares over which
PDMR Position options granted
Steve Wilson Chief Executive 87,043
Chris Payne Chief Financial Officer 64,137
As detailed on pages 101 and 102 of the 2020 Annual Report and
Accounts, the PSP awards vest dependent on the achievement of
relative Total Shareholder Return and absolute Earnings Per Share
performance conditions measured over a three-year performance
period. In addition, the awards are further subject to an underpin
performance condition that the extent of vesting reflects the
overall financial performance of the Company over the three-year
performance period. When making this determination the Company's
Remuneration Committee will have full discretion to ensure that the
final outcome is warranted based on the performance of the Company
in the light of all relevant factors to ensure there have been no
windfall gains.
PSP awards granted to Executive Directors are additionally
subject to a two-year holding period following the date of vesting
during which a dividend equivalent will accrue in the form of
additional shares to the extent the awards vest, as calculated on a
re-investment basis.
The number of ordinary shares over which the awards were granted
was based on a share price of 454.2 pence per ordinary share, being
the average mid-market closing share price for the five business
days prior to the grant date, as derived from the London Stock
Exchange daily official list.
The awards, which are subject to the Malus and Clawback
conditions of the PSP, will ordinarily vest on the latest of three
years following the date of grant or the date on which the
Company's Remuneration Committee determines the extent to which the
performance conditions have been satisfied.
Enquiries:
Headlam Group plc Tel: 01675 433 000
Steve Wilson, Chief Executive Email: headlamgroup@headlam.com
Chris Payne, Chief Financial
Officer
Catherine Miles, Director of
Communications
Investec Bank plc (Corporate Tel: 020 7597 5970
Broker)
David Flin / Alex Wright
Panmure Gordon (UK) Limited Tel: 020 7886 2500
(Corporate Broker)
Erik Anderson / Dominic Morley
/ Ailsa MacMaster
Alma PR (Financial PR) Tel: 020 3405 0205
Susie Hudson / Harriet Jackson headlam@almapr.co.uk
/ Faye Calow
1. Details of PDMR / person closely associated with them
("PCA ")
a) Name Steve Wilson
------------------------- ----------------------------------------
2. Reason for the notification
-------------------------------------------------------------------
a) Positio n / status Chief Executive
------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------- ----------------------------------------
3. Details of the issuer
-------------------------------------------------------------------
a) Name Headlam Group plc
------------------------- ----------------------------------------
b) LEI 213800I4AZZUJEYX9O90
------------------------- ----------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of
instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
-------------------------------------------------------------------
a) Description of Ordinary shares of GBP0.05 each
the financial
instrument, t
ype of instrument
------------------------- ----------------------------------------
b) Identification ISIN: GB0004170089
code
------------------------- ----------------------------------------
c) Nature of the Grant of nil-cost options over ordinary
transaction shares under the Company's Performance
Share Plan
------------------------- ----------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) N/A 87,043
----------
------------------------- ----------------------------------------
e) Aggregated information N/A
* Volume
* Price
------------------------- ----------------------------------------
f) Date of the transaction 9 April 2021
------------------------- ----------------------------------------
g) Place of the transaction Outside a trading venue
------------------------- ----------------------------------------
1. Details of PDMR / person closely associated with them
("PCA ")
a) Name Chris Payne
------------------------- ----------------------------------------
2. Reason for the notification
-------------------------------------------------------------------
a) Positio n / status Chief Financial Officer
------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------- ----------------------------------------
3. Details of the issuer
-------------------------------------------------------------------
a) Name Headlam Group plc
------------------------- ----------------------------------------
b) LEI 213800I4AZZUJEYX9O90
------------------------- ----------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of
instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
-------------------------------------------------------------------
a) Description of Ordinary shares of GBP0.05 each
the financial
instrument, t
ype of instrument
------------------------- ----------------------------------------
b) Identification ISIN: GB0004170089
code
------------------------- ----------------------------------------
c) Nature of the Grant of nil-cost options over ordinary
transaction shares under the Company's Performance
Share Plan
------------------------- ----------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) N/A 64,137
----------
------------------------- ----------------------------------------
e) Aggregated information N/A
* Volume
* Price
------------------------- ----------------------------------------
f) Date of the transaction 9 April 2021
------------------------- ----------------------------------------
g) Place of the transaction Outside a trading venue
------------------------- ----------------------------------------
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END
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